Quiz (Phir aayen shikanje mein)

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Quiz (Phir aayen shikanje mein)

  1. 1. Kambakhat Yeh Trial Balance Kyoun Nahin Milta.
  2. 2. Q 1: When shares are forfeited, capital account is debited by: <ul><li>Nominal Value of shares. </li></ul><ul><li>Paid up amount of shares. </li></ul><ul><li>Called-up amount of shares. </li></ul><ul><li>Forfeited amount of shares. </li></ul>
  3. 3. (c) Called-up amount of shares.
  4. 4. Q 2: Amount set aside out of divisible profits and invested outside is known as:- <ul><li>Reserve. </li></ul><ul><li>Fund. </li></ul><ul><li>Capital Reserve. </li></ul><ul><li>Secret Reserve. </li></ul>
  5. 5. (b) Fund.
  6. 6. Q 3: Which of the following ratio is a ratio of liquidity: <ul><li>Return on capital employed. </li></ul><ul><li>Current ratio. </li></ul><ul><li>Gross profit ratio. </li></ul><ul><li>Net profit ratio. </li></ul>
  7. 7. (b) Current Ratio.
  8. 8. Q 4: Goodwill is a : <ul><li>Liquid Asset. </li></ul><ul><li>Fictitious Asset. </li></ul><ul><li>Current Asset. </li></ul><ul><li>Intangible Asset. </li></ul>
  9. 9. (d) Intangible Asset.
  10. 10. Q 5: Copy right is a :- <ul><li>Personal Account. </li></ul><ul><li>Real Account. </li></ul><ul><li>Nominal Account. </li></ul><ul><li>None of the above. </li></ul>
  11. 11. (b) Real Account.
  12. 12. Q 6: The Balance Sheet is only:- <ul><li>An Account. </li></ul><ul><li>A Summary. </li></ul><ul><li>A Statement. </li></ul><ul><li>None of the above. </li></ul>
  13. 13. (c) A Statement.
  14. 14. Q 7: Garner Vs Murray relates to: <ul><li>Deficiency A/c. </li></ul><ul><li>Insolvency. </li></ul><ul><li>Contract. </li></ul><ul><li>Hire Purchase. </li></ul>
  15. 15. (b) Insolvency.
  16. 16. Q 8: The relationship between a consigner and consignee is that of: <ul><li>An Agent and the Principal. </li></ul><ul><li>Principal and Agent. </li></ul><ul><li>Principal and Distributor. </li></ul><ul><li>None of the above. </li></ul>
  17. 17. (b) Principal and Agent.
  18. 18. Thanks

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